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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TimbaBear who wrote (67771)	8/18/2007 6:37:30 PM
From: Paul Kern	Read Replies (1) of 116555

Is it just me or does the odd coincidence that on Thursday the market, in the last few hours, recovers from being down more than 300+ points, and then the Fed making a big move on Friday morning smack of insider knowledge to anyone else? I haven't heard anyone talking about it, but it surely does smell fishy to me. Message 23803036 Goldman Sachs Says Fed Will Cut Rate to 4.5 Percent in 2007 By Brian Swint Aug. 17 (Bloomberg) -- The U.S. Federal Reserve will cut the overnight target interest rate to 4.5 percent from the current 5.25 percent this year, Goldman Sachs Group Inc. economists forecast in a research note today. The Fed will reduce the rate by at least 0.25 point on or before policy makers meet on Sept. 18, according to the note. To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net . Last Updated: August 17, 2007 07:36 EDT

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